§ 8-1-17-8 — Board of directors; powers and duties

The board shall have power to do all things
necessary or convenient in conducting the business of the cooperative
corporation, including but not limited to:
(a) The power to make, alter, amend or repeal by-laws for the
regulation and management of the affairs of the cooperative
corporation not inconsistent with law or with the articles of
incorporation.
(b) To appoint agents and employees and to fix their compensation
and the compensation of the officers of the cooperative corporation.
(c) To execute instruments.
(d) To delegate to one or more of the directors or to the agents and
employees of the cooperative corporation such powers and duties as it
may deem proper.
(e) To make its own rules and regulations as to its procedure.
Formerly: Acts 1951, c.193, s.8.